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In some cases, the skilled workers might be better off starting their own company rather than waiting for another one to hire them though.
My experience makes me believe people, at least around here, are just not spending money except for the things they absolutely need. I think I heard a Walmart representative say exactly the same thing very recently. And too, when I have had something significant for sale like a truck, car, tractor or trailer, I've thought I was at the Mercado in Juarez when I've had to try and deal with buyers. They've wanted the item for so much less than the low market value that I just put the vehicles back in the barn.
About ten years prior to my retirement in the late 1990s, I had started a small book binding and publishing business that dealt with a very narrow subject of interest. I selected the topic because an interest of mine and the subject's placement as an American hobby interest. We shipped books all over the world. Looking at the economy now, I'm not so sure we would have gone belly-up by now had we continued. When we started in the late 1980s there was only a small hand full of book businesses doing what we were doing but by the time we closed our doors in a few years to take care of a sick family member, there were many such businesses. It's a tough world out there and it's getting tougher.
My experience makes me believe people, at least around here, are just not spending money except for the things they absolutely need. I think I heard a Walmart representative say exactly the same thing very recently. And too, when I have had something significant for sale like a truck, car, tractor or trailer, I've thought I was at the Mercado in Juarez when I've had to try and deal with buyers. They've wanted the item for so much less than the low market value that I just put the vehicles back in the barn.
About ten years prior to my retirement in the late 1990s, I had started a small book binding and publishing business that dealt with a very narrow subject of interest. I selected the topic because an interest of mine and the subject's placement as an American hobby interest. We shipped books all over the world. Looking at the economy now, I'm not so sure we would have gone belly-up by now had we continued. When we started in the late 1980s there was only a small hand full of book businesses doing what we were doing but by the time we closed our doors in a few years to take care of a sick family member, there were many such businesses. It's a tough world out there and it's getting tougher.
I wouldn't disagree with anything you said. People aren't spending much and things are certainly tough.
If politicians want to spur job growth and the economy, they would impose a 2 year moratorium on capital gains tax, and lower marginal rates by 10% across the board. Then they would abolish the Dept. of Education, EPA, and a couple other useless bureaucracies. Just for starters.
You would think that abysmal growth and jobs data, the first-ever downgrade of U.S. debt and heart- stopping gyrations in the financial markets would impel political leaders to at least take a second look at some of their assumptions about restoring confidence in the U.S. economy.
Sadly, you would be mistaken.
President Barack Obama called again this week for a deficit-reduction plan that includes both new revenue and spending cuts, a solution that he said would require “common sense and compromise.” Alas, we have seen little of either quality from Speaker John Boehner and the House majority leader, Eric Cantor. The Republican leaders reiterated their determination to oppose any solution to the U.S. fiscal mess that involves revenue increases.
Whatever one thinks of the validity of Standard & Poor’s decision to downgrade U.S. debt, it contained an admonition that we should take seriously: Spending cuts alone won’t be sufficient to place the debt, and by extension, the economy, on a sustainable path. In a memo to his Republican colleagues, Cantor warned that S&P’s analysis put the party under “pressure to compromise on tax increases” on the ground that there is “no other way forward.” His response: “I respectfully disagree.”
As always, the Republican leaders justified their intransigence by invoking the demons of job-killing taxes that would suppress the dynamism of overtaxed Americans, hampering growth.
Low Taxes
This is partisan nonsense. First, consider the claim that Americans are being taxed to death. In fact, in terms of the economy as a whole, federal taxes are at their lowest level since 1950. The Congressional Budget Office estimated that federal taxes would account for 14.8 percent of gross domestic product in 2011.
That isn’t a one-year anomaly: Revenue was 14.9 percent of GDP in both 2009 and 2010. Compare that with a postwar average of about 18.5 percent of GDP, and an average of 18.2 percent during the administration of President Ronald Reagan.
Which brings us to a second dubious claim: Raising taxes in a downturn hinders growth. In 1982, amid a punishing 16-month recession, Reagan approved the largest peacetime tax increase in U.S. history. A booming economy followed in 1983 and 1984, enabling him to sail to re-election.
‘Job Killer’
In 1993, President Bill Clinton forced a tax increase through Congress that Representative Dick Armey, then chairman of the House Republican Caucus, condemned as a “job killer” that would push the economy into recession. That increase was succeeded by the creation of 23 million new jobs, and the Clinton administration left a budget surplus of about $236 billion. By contrast, President George W. Bush pushed through two rounds of tax cuts and created just 3 million jobs. He also turned the surplus he inherited into a $1.2 trillion deficit.
Obviously, today’s economic crisis is vastly more severe than anything Reagan or Clinton faced, thus the timing and scope of tax increases must be carefully calibrated. Over the long term, however, the Republican mantra of “no higher taxes, ever” is as senseless as are claims by some Democrats that we can solve our fiscal gaps simply by soaking the rich. Both spending cuts and revenue increases are required.
One of the oddest aspects of this debate is that the Republican position may not even be good politics -- at least outside safe Republican districts. Public-opinion polls show an increasing acceptance of the need to raise taxes to put the nation’s fiscal house in order. (A large majority of voters would like to see the wealthiest 1 percent raise their hands first.)
The American people are showing that they grasp a fundamental notion that still eludes some of their political leaders. As Justice Oliver Wendell Holmes said, “Taxes are what we pay for a civilized society.” That is well worth the price.
You think companies think they can't hire people right now? There is an ocean of people they can hire right now.
"Can" being the key word. It needs to be "have to" or "need" in order for hiring to pick up. The future is too uncertain, it's just not going to happen right now.
Our economy is suffering because people can't find work due to lack of skills and expertise. We no longer live in an economy where the average Joe can obtain economic merits without education or a skill. If people today get a chance to go to school or get training, we would see massive economic growth in our country. This is why our government should give out more grants.
HA! There are MILLIONS of college grads out of work right now. Even people with masters and Ph.Ds can't find jobs. People can't find work because there aren't enough jobs.
Second, what would these people train for? Nursing? X-ray Tech? Nuclear Medicine Tech? Radiation therapist? Ultrasound tech? Tool and die? Welding? Business adminstration? Accounting? Phlebotomist? Medical transcription? Oh, wait.....these fields along with MANY others are already FLOODED WITH APPLICANTS.
People don't really need to go to college to succeed in this country. I know someone with no college degree who started out working minimum wage who now makes $80,000 a year and NO DEBT. He worked his way up in about two years from a minimum wage job.
"Can" being the key word. It needs to be "have to" or "need" in order for hiring to pick up. The future is too uncertain, it's just not going to happen right now.
The man who played a major role in revitalizing Las Vegas is bashing President Barack Obama as “the greatest wet blanket to business, progress and job creation in my lifetime.”
Speaking to investors on a Monday conference call, casino developer Steve Wynn — calling himself a “Democratic businessman” — went on a rant against Obama and his policies.
Quote:
“I support Harry Reid,” he said. “I support Democrats and Republicans. And I’m telling you that the business community in this company is frightened to death of the weird political philosophy of the president of the United States. And until he’s gone, everybody’s going to be sitting on their thumbs.”
“And those of us who have business opportunities and the capital to do it are going to sit in fear of the president. And a lot of people don’t want to say that. They’ll say, ‘God, don’t be attacking Obama.’ Well, this is Obama’s deal, and it’s Obama that’s responsible for this fear in America.”
Our economy is suffering because people can't find work due to lack of skills and expertise. We no longer live in an economy where the average Joe can obtain economic merits without education or a skill. If people today get a chance to go to school or get training, we would see massive economic growth in our country. This is why our government should give out more grants.
A man I know was laid off...he immediately signed up for schooling,
THANK YOU TO OBAMA'S Program!!!!!!!!!!!!!!!!!!!!!
graduated this year after a tough two years, he's now looking for work with his new skills.
No one is going to come knocking on your door to help you....place a phone call....the schooling with employment compensation is there...thanks to Obama.
A man I know was laid off...he immediately signed up for schooling,
THANK YOU TO OBAMA'S Program!!!!!!!!!!!!!!!!!!!!!
graduated this year after a tough two years, he's now looking for work with his new skills.
No one is going to come knocking on your door to help you....place a phone call....the schooling with employment compensation is there...thanks to Obama.
Our economy is suffering because people can't find work due to lack of skills and expertise. We no longer live in an economy where the average Joe can obtain economic merits without education or a skill. If people today get a chance to go to school or get training, we would see massive economic growth in our country. This is why our government should give out more grants.
Yet another "We need more money for education" ploy.
The "grants" will end up in the coffers of teachers unions and university admin accounts, while the "average Joe" will only wind up realizing it wasn't enough money to really get the skills he or she needs unless student loans are added. Thereby putting Joe and Jane on the path of permanent financial servitude to the government through higher taxes to give the grants and unsustainable student loan payments stretching out for years.
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He worked his way up in about two years from a minimum wage job.
heard it before
